On December 31, 2017, Biltmore Industries had the following selected year-end account balances (assume normal balances): Accrued liabilities Equipment $74,000 $390,000 Payroll deductions payable $32,000 Cash and equivalents $290,000 Estimated warranty payable $85,000 Unearned revenue $63,000 Accounts receivable $475,000 Accumulated amortization - equipment $127,000 Long-term debt $360,000 Allowance for doubtful accounts $22,000 Intangible assets $150,000 Merchandise inventory $325,000 Accounts payable $289,000 All of the liabilities noted above are current except for long-term debt. $200,000 of this amount is due in the 2020 fiscal year, while the balance is due in 2018. Required: Compute Biltmore's acid-test ratio as at December 31, 2017. Take your answer to three decimal points.